Tag Archives: Spain

Codere returns to profit as new leadership plans for 2018 upgrades

SBC News Codere returns to profit as new leadership plans for 2018 upgrades

Spanish gambling operator Grupo Codere has published its 2017 full-year results, reporting metric growth across its group assets and KPIs. The refinanced Spanish legacy gambling operator, reports a 6% increase in corporate revenues to €1.6 billion (FY 2016: €1.55 billion). Operating under its restructured corporate recovery plan, Codere reports a 2017 group EBITDA of €246 million, up 26% on corresponding …

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Home expansion sees Codere hit +2,500 betting points in Spain

SBC News Home expansion sees Codere hit +2,500 betting points in Spain

Spanish gambling firm, Grupo Codere has announced that it has surpassed +2,500 betting points operating within its home market of Spain. During the first two months of 2018, Codere has strategically expanded its retail presence in the regions of Andalucía and the Balearic Islands. The Balearic and Andalusian expansions support Codere’s 2017 dedicated betting shop openings in Madrid and Castilla …

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Mikel López de Torre: Jdigital – Spain’s Open Opportunity…

SBC News Mikel López de Torre: Jdigital - Spain's Open Opportunity...

Having been promoted to President of Spanish online gambling trade body Jdigital this January, Mikel López de Torre seeks to develop a progressive, business first and socially responsible framework for Spain’s new and existing stakeholders. Leading Jdigital, López de Torre details Spain’s new upcoming licensing window, which will see new operators enter the market. However, López de Torre warns potential …

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OPTIMA – the choice for those who want to lead and be different

OPTIMA & BTC Partnership

Sports betting and gaming solutions provider OPTIMA enjoyed a frantic end to 2017, completing two key deals in addition to scooping the SBC Award for Standalone Platform Provider of the Year. Beginning the new year where they left off the old, Jacob Lopez, OPTIMA Chief Executive Officer, spoke to SBC at last week’s ICE Totally Gaming held at the ExCeL …

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Private Equity giants monitoring Cirsa Spain movements

SBC News Private Equity giants monitoring Cirsa Spain movements

Speculation is growing with regards to Spanish gambling firm Grupo Cirsa’s future, as a number of private equity firms are reportedly monitoring the Barcelona-based operator. This week, Bloomberg News reports that PE firms Blackstone Group and Cerebeus Capital Management, two seasoned investors in global gambling enterprises, are weighing up bids for the Spanish casino and bingo-hall operator. Furthermore, former Caesar …

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Jdigital ups responsibility initiatives as Spain prepares for market expansion

SBC News Jdigital ups responsibility initiatives as Spain prepares for market expansion

Seeking to bolster Spanish market integrity provisions and social responsibility initiatives, Spanish industry trade body, La Asociación Española de Juego Digital (Jdigital), has announced the launch of new information portal JuegoESresponsable (juegoesresponsable.org). The portal seeks to bring transparency to Spanish online gambling consumers, whilst highlighting responsible gambling practices and social responsibility projects undertaken by Spanish market stakeholders. Jdigital informs that JuegoESresponsable, …

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Betway: Nations League not the stage to end Three Lions hurt

SBC News Betway: Nations League not the stage to end Three Lions hurt

Aimed at bringing an end to mundane international friendlies, the draw for the inaugural UEFA Nations League was made this week, with England being pitted in a group alongside Croatia and Spain. However for England fans hoping that the tournament will bring long-awaited international success to the country, the odds suggest they may want to look away now. Commenting on whether …

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New Codere leaders quash Cirsa merger speculation

SBC News New Codere leaders quash Cirsa merger speculation

The new executive leadership team of Spanish gambling firm Grupo Codere has dismissed reports that the company is seeking to merge with main Spanish market rival Grupo Cirsa. This January, Codere announced the appointments of Vicente Di Loreto as Group CEO, supported by Norman Sorensen Valdez as Executive Chairman. The new leadership team is supported by Codere’s debt-controlling private equity …

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